Airports Authority of India (AAI) is likely to invest more than INR 25,000 crores in the development of airport infrastructure- informs Hardeep Singh Puri, Minister of State (I/c) for Civil aviation at the launch of the Curtain Raiser of ‘Wings India 2020,’ yesterday.
“India, being the third largest domestic Civil Aviation market in the world and showing a robust growth, is poised for greater heights. With the kind of fleet expansion underway, India will soon have about 2000 civil aviation aircrafts in the sky, we will be doubling the number of airports with Airports Authority of India (AAI) readying to invest more than Rs.25,000 crores in Airport infrastructure and we have a structured privatisation program in place”Hardeep Singh Puri, Minister of State(I/c) for Civil aviation
The flagship event of the Indian Civil Aviation industry, themed “Flying for all” will be held at Begumpet Airport, Hyderabad from 12-15 March 2020. It will focus on business acquisition, investments, policy formation and regional connectivity in the civil aviation industry.
Further, Mr. Puri while talking at the launch of the event said, “Wings India 2020 is a platform for the aviation fraternity to discuss challenges along with new developing growth spots that can be targeted to ensure a positive curve. The aviation sector will provide win-win opportunities for not just players within the country but also abroad. Privatisation will strengthen the civil aviation sector and will contribute towards its massive expansion. In the coming years, Delhi and upcoming Jewar airports combined will be bigger than any other airport in the world. We look forward to this year’s show as an opportunity to address challenges of Civil aviation sector, highlight fuel efficiency, reliable and capable airplanes, enabling airlines in India to open new routes and stay profitable in this ever-competitive market”
Among the other ministers, KT Rama Rao, Minister for IT, Information Technology, Electronics & Communications Department, Government of Telangana and Pradeep Singh Kharola, Secretary, Ministry of Civil Aviation, Government of India were also present at the event.
Addressing the event, KT Rama Rao, Minister for IT, Information Technology, Electronics & Communications Department, Government of Telangana said “We are delighted to get the opportunity to host Asia’s largest civil aviation event in Hyderabad, a city which has the potential to become an aviation hub for sector in the coming years. We are sure that the exhibition of such prestigious stature will give adequate stimulus to the local economy”.
Wings India 2020, Asia’s largest gathering in the industry is organised by Ministry of Civil Aviation, Govt. of India, AAI and FICCI.
The event will witness the presence of top leaders, special invitees in foreign ministers for civil aviation and global CEOs, suppliers, strategic partners, organisations.